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4301 Highland Rd, Waterford, MI 48328
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Property summary
AI-generated overview
This exceptional commercial property, located at 4301 Highland Rd in Waterford, Michigan, presents a significant opportunity for retail businesses. The property, formerly a Discount Tire, offers a substantial 8,892 square feet of vacant space on a 0.876-acre lot. Built in 1988, the building is zoned C-3, allowing for a variety of commercial uses. The property's prime location in Oakland County ensures high visibility and accessibility, making it ideal for businesses seeking strong foot traffic and convenient access for customers. The entire space is currently available for lease, providing a blank canvas for a new tenant to customize and develop. With its ample square footage and strategic location, this property is poised to become a thriving commercial hub. The property's size and zoning offer flexibility for a range of retail concepts. The 0.876-acre lot provides ample space for potential expansion or outdoor amenities. This is a rare opportunity to secure a well-located, sizable retail space in a thriving Michigan community. The property's address is 4301 Highland Rd, Waterford, MI 48328. Serious inquiries are encouraged.
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1988
Total area
8,892 SF
Lot
0.88 ac (38,333 SF)
Zoning code
BI
APN
W -13-22-401-017
UPID
US43-1051455
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.00M
Blend (final)
Blend
$1.01M
Owner & transaction history
since 2009
1 recorded transaction
Zoning & alternative use
BI · Waterford, MI
Top alternative use upside
Commercial (general)
$1.6M
+81.2%
Restaurant
$1.5M
+78.8%
Medical building
$1.4M
+63.1%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 5 comparables with addresses
8 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$1.01M
Value range
$905k – $1.11M
±10% around blend
Estimated value / SF
$113 / SF
Confidence
High
5 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
50
Income certainty
100
$905k
blend $1.01M
$1.11M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
8,892 SF
Lot area
0.88 ac
Year built
1988
Stories
1
APN
W -13-22-401-017
Zoning
BI
Assessed value
$512,460
Annual tax
$16,386
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$16,386
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$728k
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
14.3 mi away · 6,527 SF
23.2 mi away · 11,200 SF
23.2 mi away · 11,200 SF
24.1 mi away · 10,511 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.01M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 22 sales
$97
+17%
County 132 sales
$123
-8%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $113/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+81%
vs current-use indication
Restaurant
Medical Building
Retail Stores
Auto Repair, Garage · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
8.70%
Selected cap rate for this auto shops
Derived from the Waterford market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 8.70%
9.0%
NOI (est.)
$96k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.10M
Move the market yield to see immediate price impact.
Value / SF
$124
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
8.20%8.70%9.20%
$86k
$1.05M
$990k
$936k
$96k
$1.17M
$1.10M
$1.04M
$105k
$1.28M
$1.21M
$1.14M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$763k
0.9 mi · Sep 2025 · $116/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$16,386
Tax year 2023
Assessed value
$512,460
Assessed 2024
Previous assessed
$492,620
+4.0% YoY
Effective rate
3.20%
On assessed value
Total market value
$1,024,920
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
For Sale
Year built
1988
Heating
YES
Stories
1
Units
1
Total area
8,892 SF
Lot
0.88 ac (38,333 SF)
Zoning code
BI
APN
W -13-22-401-017
UPID
US43-1051455
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
BI · Waterford, MIZoning BI · permitted uses
BI · Waterford, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1988
Heating
YES
Stories
1
Units
1
Lot
0.88 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
BI
Jurisdiction
Waterford, MI
Recorded code
BI
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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